Foreclosures halted for the holidays. 89,000 homes on average are auctioned a month.

Foreclosures halted for the holidays

Fannie Mae, Freddie Mac and several other major mortgage lenders are putting a freeze on foreclosures until after the New Year.  Every month about 89,000 homes in the country are being auctioned.   The next step is eviction.

Complete article at:

http://money.cnn.com/2011/12/01/real_estate/fannie_mae_foreclosure/index.htm?iid=SF_PF_Lead

Other articles of interest:

http://www.trulia.com/blog/perry_mistry/2011/11/silicon_valley_foreclosed_homes

http://www.trulia.com/blog/perry_mistry/2011/11/silicon_valley_homes_-_sunnyvale_home_sales_trends